FedEx Shares Soaring: Seventh Consecutive Session of Gains!
December 16, 2023
☀️Trending News
Investors are rejoicing after news of FedEx’s shares soaring! The shipping giant is expected to record their seventh consecutive session of gains, signaling optimism for the company’s future. FEDEX CORPORATION ($NYSE:FDX) is one of the world’s largest delivery services providers, offering a variety of shipping solutions to customers across the globe. Over the years, it has continued to expand its capabilities and services to keep up with the changing demands of the market. Furthermore, its commitment to innovation, technology, and customer service has enabled it to remain at the forefront of the shipping industry.
As investors continue to show their faith in the now publicly traded company, FEDEX CORPORATION remains committed to building on its success and creating further value for its shareholders. With its seventh consecutive session of increases in its stock price, there’s no doubt that the company is on the right track.
Stock Price
Shares of FEDEX CORPORATION are soaring for the seventh consecutive session! On Thursday, the company’s stock opened at $268.0 and closed at $267.6, up by 0.2% from the prior day’s closing price of $267.2. This marks an impressive seven-day streak of gains for FEDEX CORPORATION stock.
Investors seem to be bullish on the company’s future prospects, especially as it prepares to report its fourth quarter earnings. Analysts are expecting that the results will show strong growth for the delivery services giant. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Fedex Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 88.59k | 4.17k | 5.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Fedex Corporation. More…
| Operations | Investing | Financing |
| 9.47k | -6.14k | -3.08k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Fedex Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 87.58k | 61.04k | 105.54 |
Key Ratios Snapshot
Some of the financial key ratios for Fedex Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 7.4% | 18.0% | 7.2% |
| FCF Margin | ROE | ROA |
| 3.7% | 15.2% | 4.6% |
Analysis
GoodWhale recently carried out an analysis of FEDEX CORPORATION‘s fundamentals. Our Star Chart gave the company a high health score of 8/10, indicating that FEDEX CORPORATION is in a very healthy financial position with regards to its cashflows and debt. They are capable of paying off debt and funding future operations. Following our analysis, we classified FEDEX CORPORATION as ‘rhino’, meaning it has achieved moderate revenue or earnings growth. This could be attractive to investors who are looking for a company that is strong in asset, dividend, and medium in growth and profitability. Therefore, the company could be an attractive option for individuals looking to make a long-term investment. More…
Peers
In the business world, companies are constantly vying for market share and mind share. Two companies that have been in competition for years are FedEx Corp and its main competitor United Parcel Service Inc. (UPS). The two companies have been in competition since the early days of the express shipping industry and they continue to compete for business today. Another company that FedEx competes with is United Airlines Holdings Inc. (UAL). UAL is an airline holding company that operates United Airlines, one of the largest airlines in the world. United and FedEx have been in competition for business since United launched its cargo operation in the early 1990s. Finally, Blink Charging Co (BLNK) is a company that provides electric vehicle (EV) charging stations. FedEx has been investing in EV technology and has been installing EV charging stations at its facilities around the world.
– United Parcel Service Inc ($NYSE:UPS)
Founded in 1907, United Parcel Service Inc is a package delivery and supply chain management company. The company has a market cap of 144.94B as of 2022 and a Return on Equity of 58.11%. UPS delivers packages and freight to more than 220 countries and territories around the world. The company has more than 500,000 employees and operates a fleet of more than 100,000 vehicles.
– United Airlines Holdings Inc ($NASDAQ:UAL)
United Airlines Holdings Inc is an American airline headquartered in Chicago, Illinois. It is the world’s third-largest airline when measured by revenue, after American Airlines and Delta Air Lines. United operates a large domestic and international route network, with an extensive presence in the Asia-Pacific region. The airline has a fleet of over 700 aircraft and employs over 86,000 people.
– Blink Charging Co ($NASDAQ:BLNK)
Blink Charging Co. is a provider of electric vehicle (EV) charging equipment and services. The company offers Blink EV charging stations and related products and services to consumers, businesses, governments, and utilities. Blink Charging Co. has a market cap of 675.75M as of 2022 and a Return on Equity of -29.61%.
Summary
FedEx Corporation is on track to record its seventh straight session of gains, indicating a bullish trend in the stock. Analysts suggest that this may be due to investors’ confidence in the company’s performance, its strong financial position, and its growth potential. The stock has been buoyed by strong demand for the company’s freight and express services, as well as its ongoing investment in artificial intelligence and digital transformation.
Additionally, the company’s financials have been bolstered by cost-cutting measures, including the reduction of capital expenditures, as well as the acquisition of other companies. In conclusion, FedEx Corporation looks to be in a strong position for continued growth and may be a wise option for those looking for a long-term investment.
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